Value Creation

Saipem’s business model contributes to creating long term value for the communities in which we live and operate and society as a whole. That is the foundation of our sustainability strategy and of our sense of purpose.

Saipem direct contribution by geographical area

8 BILLION euros

Our overall direct economic contribution.

We directly contribute to the communities in which we live and work and to society as a whole mainly through our input into the local economy by purchasing products and services from local suppliers, paying local taxes in the markets where we operate, employing local people and contributing to their development through training and capacity building initiatives.

Geographical area

Current Taxes (€mln)

Total Goods and Services Ordered (€mln)

Employees (No.)

Training Man-hours (No.)

America

5

331

1,834

67,787

Africa

53

738

6,240

119,448

Cis

6

1,367

11,449

360,088

Far East and Oceania

19

1,268

3,290

49,715

Europe

119

2,264

9,976

130,063

Middle East

75

454

2,731

60,658

Saipem overall economic contribution

13 BILLION euros

Total economic effect of Saipem’s operations worldwide.

130,000 JOBS EQ.

Overall impact in terms of employment.

Our direct contribution to the local economy has a multiplier effect which results in a bigger picture with the overall positive impact on the local economy.

MEASURING Saipem’s real value

Recognising that our business activities are connected to both positive and negative impacts on the environment and society, we are challenged to measure those impacts by quantifying them in monetary terms, providing a comprehensive representation of the Real Value Saipem generates in the society.